The MENA Green Finance Frontier
With lower for longer oil prices and production, oil-dependent economies in MENA are accelerating the transition to renewable energy, driving environmental policies along at the same time. This week, we analyse the green finance sector in the region, focusing on:
- The unexplored business opportunities for public and private investors, as economic diversification becomes ever more urgents.
- The increasing government participation in the provision of sustainable financing, which has doubled in the past decade to 40GW and is set to reach 80GW.
- The implementation of appropriate regulatory frameworks set to position the region at the forefront of the green market globally.
- The expansion of green bond issuances in MENA, particularly the upward trend in the green sukuk market.
Florence Eid-Oakden, Ph.D, Chief Economist
Ghalia Al Bajali, Bouchra Abaakil, Analysts
The Regional Views series are thematic papers aimed at identifying and analysing factors behind medium to long-term economic trends shaping the region. Our analysis draws conclusions that help businesses and investors get ahead of the curve. As a firm staffed by Middle Easterners, we focus on insight rather than standard analysis.
To access this report, please click here.